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Tracking the Global Pandemic Recovery | Markus' Academy | Ep. 29
Follow the link for the full summary: https://markusacademy.substack.com/p/tracking-the-global-pandemic-recovery
Explore the webinar series: https://markusacademy.substack.com/archive
On July 6, 2020, Michael Spence joined Markus' Academy for a webinar to discuss new data from a Luohan Academy study that tracks the economic recovery from COVID-19 across several countries. Spence is a Professor of Economics at NYU's Stern School of Business and a 2001 recipient of the Nobel Prize in Economics.
Download the slides here.
Timestamps:
[17:35] Real-time data tracking across 132 countries
[22:30] Digital tools and privacy concerns in tracking the virus
[37:20] Economic and health trade-offs of policy responses
Highlights:
● China suffered a major contraction, but recovered relatively quickly both economically and health-wise through fast and strict intervention. South Korea, Taiwan and Hong Kong did significantly better than Mainland China.
● Economic contractions in the U.S. and the U.K. were less severe than in New Zealand, but recovery has been slower and falls behind both economically and health-wise.
● In Brazil, the economy hasn't contracted as much economically but the virus isn't under control, and in Africa, dangerous numbers are emerging in Nigeria, South Africa, and Rwanda.
● In interpreting the data, Spence notes that a timely, early response is better than a later one, and that government trust during the crisis varied widely — increasing in Australia, declining in the U.K., and remaining low in the U.S. and Mexico.
View all episodes
By MarkusAcademyFollow the link for the full summary: https://markusacademy.substack.com/p/tracking-the-global-pandemic-recovery
Explore the webinar series: https://markusacademy.substack.com/archive
On July 6, 2020, Michael Spence joined Markus' Academy for a webinar to discuss new data from a Luohan Academy study that tracks the economic recovery from COVID-19 across several countries. Spence is a Professor of Economics at NYU's Stern School of Business and a 2001 recipient of the Nobel Prize in Economics.
Download the slides here.
Timestamps:
[17:35] Real-time data tracking across 132 countries
[22:30] Digital tools and privacy concerns in tracking the virus
[37:20] Economic and health trade-offs of policy responses
Highlights:
● China suffered a major contraction, but recovered relatively quickly both economically and health-wise through fast and strict intervention. South Korea, Taiwan and Hong Kong did significantly better than Mainland China.
● Economic contractions in the U.S. and the U.K. were less severe than in New Zealand, but recovery has been slower and falls behind both economically and health-wise.
● In Brazil, the economy hasn't contracted as much economically but the virus isn't under control, and in Africa, dangerous numbers are emerging in Nigeria, South Africa, and Rwanda.
● In interpreting the data, Spence notes that a timely, early response is better than a later one, and that government trust during the crisis varied widely — increasing in Australia, declining in the U.K., and remaining low in the U.S. and Mexico.